NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group announced a quarterly dividend on Friday, December 6th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share on Thursday, January 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, December 24th. View Marvell Technology Group's Dividend History.

Marvell Technology Group declared that its board has initiated a stock repurchase program on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings results on Tuesday, December, 3rd. The semiconductor company reported $0.17 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.17. The semiconductor company had revenue of $662 million for the quarter, compared to analysts' expectations of $660.94 million. Marvell Technology Group had a positive return on equity of 3.59% and a negative net margin of 16.47%. The company's revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 3rd. The company provided earnings per share (EPS) guidance of $0.15-$0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $727.5-$772.5 million, compared to the consensus revenue estimate of $695.87 million.

24 Wall Street analysts have issued 12-month price objectives for Marvell Technology Group's stock. Their forecasts range from $24.00 to $32.00. On average, they expect Marvell Technology Group's stock price to reach $28.41 in the next year. This suggests that the stock has a possible downside of 0.3%. View Analyst Price Targets for Marvell Technology Group.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

News articles about MRVL stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Marvell Technology Group.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Silicon Laboratories (SLAB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Walt Disney (DIS), Home Depot (HD), AbbVie (ABBV), salesforce.com (CRM) and QUALCOMM (QCOM).

Marvell Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.40%), Scout Investments Inc. (0.13%), Calamos Advisors LLC (0.06%), State of Alaska Department of Revenue (0.04%), Gateway Investment Advisers LLC (0.04%) and Calamos Wealth Management LLC (0.02%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Nisa Investment Advisors LLC, IFM Investors Pty Ltd and Winfield Associates Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., Calamos Advisors LLC, Three Peaks Capital Management LLC, Assenagon Asset Management S.A., Red Spruce Capital LLC, State of Alaska Department of Revenue, Gateway Investment Advisers LLC and Eidelman Virant Capital. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $28.49.

Marvell Technology Group has a market capitalization of $19.11 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

The official website for Marvell Technology Group is http://www.marvell.com/.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]